Remove Community Remove Maine Remove Regulation Remove Taxes
article thumbnail

Saving Main Street: Advocacy Groups Propose New Government Relief Programs

PYMNTS

The crisis is hardly over, but post-pandemic reality is setting in for Main Street retail. Other ideas include more government action regarding competitive regulation. She also urges government officials to remember the return in investment for Main Street businesses. There is no shortage of other larger scale ideas.

Maine 142
article thumbnail

Trade-based money laundering: The link to terrorist financing

Abrigo

See Part I: Implications for Community Financial Institutions. Misrepresentation is used to justify the movement of funds and, in some cases, reduce the tax obligation reflected on customs documents. Over- or under-shipment or phantom shipments: Over- or under-shipment involves misrepresenting the number of goods in a shipment.

Training 195
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

He also recommended that the Financial Stability Oversight Council (FSOC) be charged with “the responsibility to create a framework for regulating cryptocurrencies and developing guidelines for strong protections against money laundering and cybersecurity threats to those marketplaces.”.

US 227
article thumbnail

The Case For Localizing Mom-And-Pop Investment

PYMNTS

When small business (SMB) investment marketplace MainVest announced a $3 million Seed funding round last week, it did something that many Main Street SMBs cannot do. Exploring the importance of the small business through the lens of its immediate community is a critical component of promoting education among entrepreneurs.

Capital 145
article thumbnail

Challenges to monetary policy: lessons from Medieval Europe

BankUnderground

Royal monetary policy was conducted by practitioners recruited from the moneychangers and nascent banking community. Moreover, the national currency belongs to the people, and the state’s role is to regulate it to benefit the people. Monetary theory and policy in Medieval France.

Policies 111
article thumbnail

Taking Our Stand

Independent Banker

Specifically, on behalf of community banks nationwide, the association has asked a federal court to invalidate the NCUA’s member business lending rules set to take effect in January. In the process, however, the regulation also tramples upon consumers, taxpayers, the financial system and the integrity of responsible government.

article thumbnail

Businesses Can Have Their Identities Stolen, Too, Experts Warn

PYMNTS

Business identities can be used to open card accounts, initiate wire transfers or commit tax fraud. ” There are four main types of business identity theft, according to the report: financial fraud, tax fraud, website defacement and trademark ransom. . That figure rose to 10,000 last year.

Fraud 109